Changes at eBay are on the way as it reduces ties with PayPal

The ecommerce giant is planning to ditch PayPal as its primary payments processor and replace it with Adyen, an outfit you may not have heard of but which already has big-name clients that include Netflix, Uber, and Spotify.

The online resale giant said it will make the move in 2020 when the current deal with PayPal expires. PayPal will remain a payment option for eBay shoppers, but will no longer be featured prominently.

Netherlands-based Adyen is a global online payments firm that was founded in 2006. It provides back-end payment services that include point-of-sales systems and credit card processing. The partnership with eBay means shoppers will stay within the eBay website when they go to pay, instead of being taken to an external service to complete a transaction.

In other words, for buyers the change will result in a more integrated user experience, with the shopping site itself taking care of the entire checkout process, “delivering a more streamlined experience for consumers,” eBay said. With PayPal staying on eBay (at least for now), the addition of a new system also means more payment options.

Sellers will also see some benefits, as eBay promises “most” sellers will see a reduction in costs related to payments processing, and also benefit from “a simplified pricing structure and more predictable access to their funds.”

Ultimately, the change has the potential to result in more sales, eBay says, as the new system will expand payment options into more markets and also offer buyers more choice in how they pay, thereby improving the shopping experience.

The new payment system will be introduced gradually, beginning on a small scale in North America in the second half of 2018, with full integration expected to be completed by 2021. eBay has signed a deal with PayPal to keep it as a payment option on its marketplace until at least 2023.

“In a rapidly changing and competitive ecommerce landscape, shoppers expect to be able to both shop and checkout on the site on which they transact,” eBay said in a blog post. “Building out eBay’s payments capabilities is the next step in the company’s strategy, with the goal of driving significant benefits and efficiencies for its buyers and sellers globally.”

PayPal was acquired by eBay in 2002 for $1.5 billion, and eBay spun off the online payments company in 2015.

According to Adyen‘s own data, its business is growing fast, as it processed $50 billion worth of transactions in 2015, up from $14 billion in 2013. To what extent eBay’s move will affect PayPal’s business isn’t yet clear.

The holiday season is in full swing with Christmas just around the corner. New deals on interesting, fun, and practical electronic gifts under $100 from major online retailers can convert last-minute shoppers to savvy bargain hunters.

There are more options for media streamers than ever, so it’s more difficult to pick the best option. But that’s why we're here. Our curated list of the best streaming devices will get you online in no time.

If you want to play online multiplayer on Switch, you'll need a Nintendo Switch Online subscription. Here's what you need to know about Nintendo Switch Online, from price to features to the awesome library of NES games.

Mozilla officially launched Firefox 64 by placing new features into the laps of its users including new tab management abilities, intelligent suggestions, and a task manager for keeping Firefox's power consumption under control.

In an attempt to garner more subscribers for their favorite vlogger and secure his status as having the most YouTube subscribers, PewDiePie supporters claimed to have hacked thousands of printers worldwide.

Which music streaming platform is best for you? We pit Spotify versus Pandora, two mighty streaming services with on-demand music and massive catalogs, comparing every facet of the two services to help you decide which is best.

Sometimes you just want Chrome to show a little personality and ditch the grayscale for something a little more lively. Lucky for you, we've sorted through the Chrome Web Store to find best Chrome themes available.

Have you encountered a webpage that won't let you hit the back button? Someun scrupulous websites employ what's known as history manipulation, preventing you from hitting the back button, but now Google Chrome will be fighting back.

Google is following in Amazon's footsteps with plans to expand its presence in New York City. The company announced on Monday, December 17 that it's investing $1 billion on three sites in Lower Manhattan for more than 7,000 workers.